Offering Period: July 27, 2011—August 25, 2011
3 year Contingent Coupon Autocallable Notes Linked to the S&P 500^® Index,
the Russell 2000^® Index, and the iShares^® MSCI Emerging Markets Index Fund

Return Profile

3 year Contingent Coupon Autocallable Notes (the “securities”) linked to the performance of the S&P 500^® Index, the Russell 2000^® Index, and the iShares^® MSCI Emerging Markets Index Fund.
Interest payments will be paid semi-annually in arrears at the Applicable Rate per annum depending on whether a Coupon Barrier Event occurs in the relevant Interest Period, calculated on a 30/360 basis, subject to Early Redemption.
If a Knock-In Event does not occur, investors will be entitled to receive their principal amount at maturity, subject to the credit of the Issuer.
If a Knock-In Event occurs, the payment an investor will be entitled to receive at maturity will be determined by reference to the Lowest Performing Underlying.

Key Terms

Issuer:	Credit Suisse AG ("Credit Suisse"), Nassau Branch.
Trade Date:	Expected to be August 19, 2011.
Settlement Date:	Expected to be August 26, 2011.
Applicable Rate:	•	If a Coupon Barrier Event does not occur in the applicable semi-annual Interest Period, the Applicable Rate is expected to be between [8.5%- 9.5%] p.a. (to be set on the Trade Date).



	•	If a Coupon Barrier Event occurs in the applicable semi-annual Interest Period, the Applicable Rate is expected to be 1% p.a. (to be set on the Trade Date).


Coupon Barrier Event:	For any Interest Period, a Coupon Barrier Event occurs if on the Valuation Date included in such period the closing level of any Underlyings is less than its Coupon Barrier Level.


Coupon Barrier Level:	For each Underlying approximately 75.0% of the Initial Level of such Underlying.

Interest Payment Dates:	2/272012; 8/27 2012; 2/26/2013; 8/26/2013, 2/26 2014; and the Maturity Date, unless note is redeemed early

Automatic Early Redemption:	If on any Valuation Date the closing level of each Underlying is greater than or equal to its Trigger Level, the securities will be automatically redeemed for 100% of the principal amount, plus accrued and unpaid interest.



Knock-In Level/Trigger Level:	For each Underlying, approximately 75.0% of the Initial Level of such Underlying.

Knock-In Event:	A Knock-In Event occurs If the Final Level of any Underlying is less than its Knock-In Level.

Initial Level:	For each Underlying, the closing level of such Underlying on the Trade Date.

Final Level:	For each Underlying, the closing level of such Underlying on the Final Valuation Date.

Redemption Amount:	Subject to Early Redemption, for each $1,000 principal amount of securities (a) if a Knock-In Event occurs, $1,000 x (1 + the Underlying Return of the Lowest Performing Underlying); (b) if a Knock-In Event does not occur, $1,000.



Lowest Performing Underlying:	The Underlying with the lowest Underlying Return.

Underlying Return:	For each Underlying, calculated as follows: (Final Level – Initial Level)/Initial Level.

Valuation Dates:	For each Underlying, 2/17/12, 8/20/12, 2/19/13, 8/19/13, 2/19/14 and 8/19/14 (the “Final Valuation Date”)

Maturity Date:	August 26, 2014
CUSIP:	22546TCV1

Benefits

Offers above-market interest payment versus ordinary fixed income investments
Reduced downside risk due to a 25.00% buffer

Hypothetical Returns at Maturity

Percentage Change from the Initial Level to the Final Level of the Lowest Performing Underlying	Underlying Return of the Lowest Performing Underlying	Redemption Amount (Knock-In Event Does Not Occur)⁽¹⁾⁽²⁾	Redemption Amount (Knock-In Event Occurs)⁽¹⁾⁽²⁾








50%	0%	$1,000	N/A
40%	0%	$1,000	N/A
30%	0%	$1,000	N/A
20%	0%	$1,000	N/A
10%	0%	$1,000	N/A
0%	0%	$1,000	N/A
-10%	-10%	$1,000	N/A
-20%	-20%	$1,000	N/A
-30%	-30%	N/A	$700
-40%	-40%	N/A	$600
-50%	-50%	N/A	$500

(1)	Subject to Automatic Early Redemption, does not include interest payments on the securities.
(2)	The hypothetical Redemption Amounts set forth above are for illustrative purposes only and may not be the actual returns applicable to the investor. The numbers appearing in the table have been rounded for ease of analysis.

Product Risks

Investment may result in a loss of up to 100% of principal.
The securities and the payment of any amount due on the securities are subject to the credit risk of Credit Suisse.
The securities will not pay more than the principal amount, plus accrued and unpaid interest, at maturity or upon early redemption.
If a Coupon Barrier Event occurs in an Interest Period, the Applicable Rate for the corresponding Interest Payment Date is expected to be 1.00% per annum (to be set on the Trade Date).
The Redemption Amount will be less than the principal amount even if only one Underlying causes a Knock-In Event.
If a Knock-In Event occurs, the return will be based on the Lowest Performing Underlying.
The securities are subject to Automatic Early Redemption, which may limit an investor’s ability to accrue interest over the full term of the securities.
(See “Additional Risk Considerations” on the next page.)

Offering Period: July 27, 2011—August 25, 2011
3 year Contingent Coupon Autocallable Notes

IRS Circular 230 Disclosure: Credit Suisse and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with Credit Suisse of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. The products described herein should generally be held to maturity as early sales could result in lower than anticipated returns. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.

This material is not a product of Credit Suisse Research Departments. Financial Products may involve a high degree of risk, and may be appropriate investments only for sophisticated investors who are capable of understanding and assuming the risks involved. Credit Suisse and its affiliates may have positions (long or short), effect transactions or make markets in securities or financial instruments mentioned herein (or options with respect thereto), or provide advice or loans to, or participate in the underwriting or restructuring of the obligations, issuers of the stocks comprising the applicable index, indices or fund mentioned herein. Credit Suisse is a member of FINRA, NYSE and SIPC. Clients should contact their salespersons at, and execute transactions through, a Credit Suisse entity qualified in their home jurisdiction unless governing law permits otherwise.

This document is a summary of the terms of the securities and factors that you should consider before deciding to invest in the securities. Credit Suisse has filed a registration statement (including pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this offering summary relates. Before you invest, you should read this summary together with the Preliminary Pricing Supplement dated July 27, 2011, Underlying Supplement dated June 24, 2010, Product Supplement No. F-I dated March 10, 2011, Prospectus Supplement dated March 25, 2009 and Prospectus dated March 25, 2009, to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the securities. You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse, any agent or any dealer participating in this offering will arrange to send you the pricing supplement, underlying supplement, product supplement, prospectus supplement and prospectus if you so request by calling toll-free 1-(800)-221-1037.

You may access the underlying supplement, product supplement, prospectus supplement and prospectus on the SEC website at www.sec.gov or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the pricing supplement.

Horizon (years)		3 years
Principal Repayment		Principal at Risk
Investment Objective		Income
Market Outlook		Neutral


Filed pursuant to Rule 433 Registration Statement No. 333-158199-10 FINANCIAL PRODUCTS FACT SHEET (F17)